What is International Business?
International business is an evolving field that involves exchanging goods, services and information across borders. Companies engaging in international business must successfully negotiate different cultures, laws, and economic systems to succeed in an international marketplace. With globalization accelerating business expansion efforts worldwide, international business has become even more relevant.
International business offers numerous employment opportunities. According to the Bureau of Labor Statistics, around 728,200 Americans were employed in occupations related to international business as of May 2020 in the US alone; these roles include international business consultants, international marketing managers, and international trade specialists.
International business careers generally boast an optimistic employment outlook, with expected expansion across industries as companies increase global operations. According to the Bureau of Labor Statistics, employment of management analysts - roles related to international business consulting - is predicted to grow 11% from 2019-2029, much faster than average occupation growth rates.
International business offers plenty of career paths for entrepreneurs and freelancers, both traditional and unconventional. And thanks to gig economy platforms, like online marketplaces, individuals can offer their services to companies looking to expand internationally or needing help with cross-border business transactions.
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Online International Business Education in Maryland
An international business professional is defined as an individual equipped with the skills and knowledge needed to navigate the intricate world of global commerce. They are experts in handling international trade, understanding different cultures and markets around the globe, and maintaining relationships with stakeholders worldwide.
International business professionals typically work across numerous fields such as finance, marketing, supply chain management, consulting, or government agencies. They may work for multinational corporations, government agencies, or non-profit organizations.
An international business professional's key responsibility is identifying opportunities for expansion and growth in foreign markets. They must possess an in-depth knowledge of international trade regulations, currency exchange rates, and cultural differences that may interfere with business operations.
Professionals involved with international business must possess not only technical know-how but also superior communication and negotiation abilities. They may need to build relationships with clients, partners, and suppliers from different countries while successfully navigating language barriers and cultural differences effectively.
Online Associate (AS)
An associate degree with an international business major provides students looking to break into global commerce with an entryway into its complexities. These programs provide a solid grounding in essential business principles, with special attention being given to conducting international commerce through international business courses. Students gain valuable insight into global markets, cross-cultural communication, and international trade dynamics; furthermore, the practical knowledge acquired during an associate degree program can significantly boost employability within multinational corporations or government agencies.
These degrees offer students an excellent opportunity to build connections among classmates from varied backgrounds. Interacting with peers who bring diverse viewpoints and experiences can expand one's worldview and cultivate cross-cultural understanding. An associate degree in international business provides graduates with a strong foundation to further their education or enter the global marketplace. Through internships or study abroad experiences, graduates may gain hands-on exposure to global operations from foreign business environments. Students can also decide whether or not they want to continue to study international business in their future education.
National Online Rankings - Best Online Associates in International BusinessOnline Bachelors (BS)
Earning a bachelor's of international business can open Maryland students up to an exciting world of opportunity. In an increasingly global business landscape, this degree provides learners with essential tools needed to navigate its complexities of international trade and commerce - from cross-cultural communication to market analysis courses - all designed to increase understanding of global economies.
Pursuing an international business program can also offer students access to real-world experiences through internships and study abroad programs, offering unparalleled academic learning and firsthand exposure to international business environments worldwide. Maryland stands as a center for global commerce; graduates with this degree will be well prepared for thriving in an increasingly connected and competitive global marketplace.
National Online Rankings - Best Online Bachelors in International Business National Rankings - Best Campus International Business SchoolsFind Your Online International Business Program
Online Masters (MS)
Embarking on a master of international business program or a Master of Business Administration with an international business concentration is like starting an exciting global adventure! Beyond academic rigor, students can be immersed in a multicultural environment that fosters understanding and collaboration across borders, providing valuable insight into navigating international markets and conducting global business operations throughout the global environment.
Master's in international business provide individuals with the specialized knowledge and skills essential for success in today's interconnected world, from honing leadership abilities to mastering cross-cultural communication. This gives graduates not only a comprehensive toolkit to navigate diverse business landscapes but also the adaptability essential for thriving in dynamic international environments.
National Online Rankings - Best Online Masters in International BusinessOnline Doctorate (PhD)
Maryland students looking to expand their understanding of global economics and commerce will find pursuing a PhD in international business provides them with numerous advantages. These advanced degrees provide individuals with the necessary research skills and expertise necessary for successfully navigating international markets and making significant contributions in this area of research. Through coursework and dissertation projects, students explore cross-border trade, multinational corporations, global supply chains, and international finance, among many other topics.
An advanced degree in international business also provides professionals with invaluable networking opportunities that can advance their career prospects. Through collaboration with esteemed faculty and industry experts, PhD graduates stay abreast of global business landscape trends and challenges. By conducting original research and contributing new knowledge to the field, PhD graduates are well suited for academic roles, consulting roles, or leadership positions within multinational organizations. Furthermore, its multi-disciplinary nature enables graduates to drive innovation and shape strategies that foster sustainable global growth - an incalculable asset.
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International business certifications are becoming increasingly valuable in today’s global economy, offering professionals a competitive edge and the chance to showcase expertise in international trade and commerce. Certifications, such as the Certified International Trade Professional (CITP) or the Certified Global Business Professional (CGBP), can open doors to exciting career opportunities and signify a commitment to excellence in the field. These certifications often require passing exams that test knowledge of various aspects of international business including trade finance, global marketing strategies, and cross-cultural communication.
In addition to enhancing career prospects, international business certifications can also provide valuable networking opportunities by connecting professionals with others in the industry who share similar interests and goals. This networking aspect can be especially beneficial for students looking to expand their connections globally and gain insights into different markets and business practices. By pursuing certifications alongside their degree programs, Maryland students can demonstrate a dedication to continuous learning and professional development that is highly valued by employers in today’s competitive job market.
Become an International Business Professional in Maryland
Maryland is a great place to start a career as an international business professional, with its proximity to major international airports, ports, and diverse business community. If you're looking to break into this exciting field, here are some steps you can take.
- Step 1: Earn a Bachelor's Degree in International Business
Step one to becoming an international business professional is earning a bachelor's degree in international business or related areas such as global business, international relations, or economics. Such an education will equip you with knowledge in international trade management, business operations management, marketing, and finance globalization.
- Step 2: Gain International Experience
Gaining international experience can give your international business ventures an edge, so consider studying or interning abroad, taking part in exchange programs or working for multinational corporations with offices worldwide. Doing this will give you firsthand knowledge of various cultures, business practices, and global markets - key assets when competing against your counterparts.
- Step 3: Develop Cultural Competence
Cultural competence is vital to success in international business. Study the customs, cultures, and business etiquette of countries you plan on conducting business in. Navigating cultural differences effectively while communicating effectively with people from diverse backgrounds is paramount for building lasting international relationships.
- Step 4: Learn a Second Language
An international business professional's proficiency in two or more languages can be an invaluable advantage in international transactions. Consider learning one that is widely spoken among your target countries for doing business. Doing so will enable you to communicate more efficiently, build trust among international partners, and open opportunities for growth in global trade.
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What Can I Do with a Bachelor's in International Business?
An international business bachelor's degree offers graduates endless possibilities and excitement. Graduates may explore careers in global trade, market research, international marketing, and supply chain management. The degree also equips graduates with the diverse skill set needed to work at multinational corporations, government agencies, or non-profit organizations; it can even open doors to starting up new international ventures. Furthermore, continuing your education with either a master's degree or professional certifications could open doors into niche areas, such as finance or global strategy roles.
One key advantage of earning a bachelor's in this field is the chance to work abroad and explore various cultures while shaping international relations through business strategies. Graduates with this degree develop cross-cultural communication skills, negotiation techniques for managing diverse stakeholders across globalization, and an understanding of political economies across borders. Through internships or study abroad programs taken during their studies, graduates may establish connections that lead to lucrative job opportunities abroad.
Potential Careers for International Business Graduates
Fundraising Managers:
Fundraising managers are unsung heroes behind successful non-profit organizations, using their skills to secure vital funding for important causes. Aside from collecting donations, these professionals must also possess skills in relationship-building, strategic planning, and creative problem-solving. Their ability to inspire donors toward shared vision is instrumental in maintaining impactful charitable initiatives.
Necessary Requirements:
- Bachelor's degree in a relevant field such as business, marketing, or nonprofit management
- Proven experience in fundraising or sales, preferably in a nonprofit setting
- Excellent communication and interpersonal skills
- Strong organizational and project management abilities
- Ability to work independently as well as part of a team
- Knowledge of fundraising best practices and techniques
- Familiarity with donor databases and CRM systems is a plus
Estimated Salary
- The mean annual wage for fundraising managers in the US in 2022 was $133,620
- The mean annual wage for fundraising managers in Maryland is $133,170
Logisticians:
Logisticians are a major part of the intricate dance of global commerce, where goods traverse vast distances and complex supply chains dictate its rhythm. These professionals specialize in coordination, efficiency, and problem solving - they ensure seamless product flows from production line to final destination.
Necessary Requirements:
- Bachelor's degree in supply chain management, logistics, or a related field
- Proven experience in logistics, transportation, or supply chain management
- Strong analytical and problem-solving skills
- Excellent communication and interpersonal abilities
- Proficiency in logistics software and tools
- Ability to work well under pressure and meet tight deadlines
Estimated Salary
- The median annual wage for logisticians in the US in 2022 was $77,520
- The mean annual wage for logisticians in Maryland is $99,570
Policy Analysts:
Policy analysts play an invaluable role in shaping government decisions and policies by conducting in-depth research, data analysis, and providing valuable insights. Their responsibilities involve analyzing complex issues, evaluating possible outcomes, and making recommendations to policymakers.
Necessary Requirements:
- Bachelor's or master’s degree in public policy, political science, economics, or a related field
- Strong analytical skills and ability to interpret complex information
- Excellent written and verbal communication skills
- Experience in policy analysis or research is preferred
- Knowledge of government processes and regulations
- Ability to work independently and as part of a team
Estimated Salary
- The median annual wage for political scientists in the US in 2022 was $128,020
- The mean annual wage for political scientists in Maryland is $155,520
Advertisements and Promotions Manager:
Advertisement and promotions managers are accountable for designing, implementing, evaluating, and optimizing advertising and promotional campaigns to increase brand recognition and sales. Their job requires possessing extensive knowledge in both marketing strategies and consumer behavior to develop campaigns that resonate with target audiences and make memorable ads that capture attention.
Necessary Requirements:
- Bachelor's degree in marketing, advertising, or related field
- Proven experience in advertising, promotions, or marketing roles
- Strong analytical skills and ability to interpret data to drive decision-making
- Excellent communication and interpersonal skills
- Ability to multitask and prioritize in a fast-paced environment
Estimated Salary
- The mean annual wage for advertising and promotions managers in the US in 2022 was $152,620
- The mean annual wage for advertising and promotions managers in Maryland is $128,840
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